News

  • 6 Reasons to Choose a Credit Union Over a Bank

    Banks are everywhere, so it’s easy to think that they’re the best option for your money. Have you ever thought about doing your banking with a credit union? You can put your money—and your trust—in an organization that offers personalized service, competitive rates and a community focus. Here are just a few reasons why you should choose a credit union to help you reach your financial goals:

  • Pros & Cons of Refinancing Your Auto Loan

    Many consumers take the first loan package they are offered at the auto dealership. While convenient at the time, you may regret the conditions of your auto loan once you’re on the payment path. Refinancing your vehicle loan is one way to potentially reduce your interest rate and monthly payments, saving money in the long term.

    An auto-loan refinance involves taking out a new secured loan to pay off the existing one, transferring the title to the new lender. Ideally, the new loan conditions will be improved, but refinancing is not always the right choice.

  • 6 Mistakes to Avoid When Refinancing a Car Loan

    If you’re a car owner, maybe you can relate to the “mid-loan crisis:” You’re halfway through paying off your car loan, but you’ve got some regrets about your financing and wish things could have turned out differently. It could be a less-than-ideal interest rate you’ve carried around for the last 36 months, forcing you to spread your dollars a bit too thin. Or, it could just be one of those auto loans where everything is wrong on every possible level, from unnecessary fees to bad warranties.

  • Is Refinancing Your Auto Loan Right For You?

    Every month, you make your auto loan payment, and every month, it’s the same amount. This consistency is good for budgeting, but the amount you pay may not be as low as it could be. When was the last time you questioned how much you’re paying for your car?

    It’s possible that you could reduce your monthly car payments by refinancing your loan. Refinancing isn’t the right path for everyone, and it’s all about timing. But checking out this option from time to time could pay off in the long run.

    Motivations for Refinancing

  • Fixed Rate Mortgages vs ARM

    If you've decided now is the right time for you to invest in a home, it's also time to decide what type of mortgage works best for your unique situation. The two most popular types of mortgages are fixed-rate and adjustable-rate mortgages. Each mortgage offers positives and negatives for the buyer; it all comes down to what you need. Interest rates and mortgage options change often, so your choice should really depend on the following factors:

  • Which Type of Mortgage is Right for You?

    The idea of taking out a loan to purchase a house can be intimidating. Many first-time homebuyers don't even know where to start. At Robins Financial Credit Union, we offer our members a variety of mortgage types, so you can choose the one that fits you and your financial situation. Before you get started, here is a quick resource to help you figure out what it all means.

    Let’s start with the most basic and popular mortgage.